Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
The HC applied the principle of Constructive Res Judicata to dismiss the writ petition challenging Clause 3.3 of the Guidelines for Grant of Reward to Informers and Government Servants, 2015. The court held that since the petitioner failed to raise the constitutional challenge in the earlier round of litigation, they are precluded from doing so now. The doctrine aims to prevent multiplicity of litigation and ensure parties present their entire case in a single proceeding. Consequently, the writ petition was deemed not maintainable and summarily dismissed, upholding the principle of finality in legal proceedings.
The HC applied the principle of Constructive Res Judicata to dismiss the writ petition challenging Clause 3.3 of the Guidelines for Grant of Reward to Informers and Government Servants, 2015. The court held that since the petitioner failed to raise the constitutional challenge in the earlier round of litigation, they are precluded from doing so now. The doctrine aims to prevent multiplicity of litigation and ensure parties present their entire case in a single proceeding. Consequently, the writ petition was deemed not maintainable and summarily dismissed, upholding the principle of finality in legal proceedings.
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